Tag: Nestle

Nestle posts weaker turnover for nine months
Global

Nestle posts weaker turnover for nine months

Swiss foods company, Nestle said its turnover for the first nine months fell to CHF65,272 million compared to CHF65,514 million disclosed last year. Mark Schneider, Nestlé CEO said “Our sales results for the nine-month period are in line with our expectations communicated in July. Organic sales growth continued to benefit […]

Nestle targets 17.5% to 18.5% profit margin by 2020
Global

Nestle targets 17.5% to 18.5% profit margin by 2020

Swiss foods giant, Nestle has announced an underlying trading operating profit margin target of 17.5% to 18.5% by 2020, up from 16.0% in 2016. The plan will be presented at its investor seminar today in London, Nestlé will present its strategy for sustainable value creation. Nestlé will describe its plans […]

Why Fitch downgraded Nestle to AA-
Global

Why Fitch downgraded Nestle to AA-

Fitch Ratings said it has downgraded Nestle SA’s Long-Term Issuer Default Ratings (IDR) and senior unsecured ratings to ‘AA-‘ from ‘AA’, However, Fitch Ratings said it affirmed the company’s Short-Term IDR at ‘F1+’. The Outlook on the Long-Term IDR is Stable. A full list of rating actions is available at […]

Nestle to back food innovation startup, Terra Accelerator
Tech

Nestle to back food innovation startup, Terra Accelerator

Swiss foods major, Nestle in partnership with Rabobank and RocketSpace will support startups for the Terra Accelerator program, an agTech and food accelerator. Nestlé said it will collaborate with Terra and other corporate collaborators to select and coach the most innovative and disruptive startups in the food and agricultural industry. […]